Parallel Finance is a Decentralized Money Market Protocol that offers lending, staking, and borrowing in the Polkadot ecosystem. Depositors can lend and stake simultaneously to earn double yield on their staked coins, and borrowers can collateralize to borrow. The project refers to this feature as "leverage staking," because users can lever up against their staking collateral to increase their yield overall. In addition, when a user's DOT and KSM are staked through Parallel, a reputation-determining algorithm is applied which maximizes staking yield on behalf of the user. In the future, projects and individual users will also be able to source their auction loans through Parallel's interface--a feature we call "auction loans." This feature will give users the ability to stay liquid while their DOT/KSM is locked in parachains, an it will give projects direct access to the liquidity they need to win parachain auctions.PARA Token is the native token of Parallel Finance on Polkadot Deployment, distributed among key actors and partnerships in the ecosystem. This paper also details the economic designs of the token, and plans for parachain auctions. The utility token for Heiko (HKO), which is Parallel's sister program, will have the same utilities mirrored on Kusama.

Polkadot Ecosystem

Parallel Finance Raise Announcement

Liquidity Mining

Insurance Fund

Crowdloan

Ecosystem Fund

Private Investors

Seed Round

Team & Advisors

Parallel Finance is a Decentralized Money Market Protocol that offers lending, staking, and borrowing in the Polkadot ecosystem. Depositors can lend and stake simultaneously to earn double yield on their staked coins, and borrowers can collateralize to borrow. The project refers to this feature as "leverage staking," because users can lever up against their staking collateral to increase their yield overall. In addition, when a user's DOT and KSM are staked through Parallel, a reputation-determining algorithm is applied which maximizes staking yield on behalf of the user. In the future, projects and individual users will also be able to source their auction loans through Parallel's interface--a feature we call "auction loans." This feature will give users the ability to stay liquid while their DOT/KSM is locked in parachains, an it will give projects direct access to the liquidity they need to win parachain auctions.PARA Token is the native token of Parallel Finance on Polkadot Deployment, distributed among key actors and partnerships in the ecosystem. This paper also details the economic designs of the token, and plans for parachain auctions. The utility token for Heiko (HKO), which is Parallel's sister program, will have the same utilities mirrored on Kusama.Parallel Finance, a lending and&nbsp;staking&nbsp;platform based on the Polkadot blockchain, raised $5 million at a $500 million valuation, twice the valuation of its&nbsp;token round&nbsp;last November. Investors in the strategic funding round included crypto exchange Coinbase Ventures, blockchain technology company StarkWare and Section 32, a venture capital firm founded by Bill Maris, a former head of Google Ventures. Parallel Finance plans to raise a Series B round during the second quarter in two tranches of $20 million to $30 million each at an undetermined valuation, CEO Yubo Ruan told CoinDesk in an interview.

Parallel Finance

Parallel Finance is a Decentralized Money Market Protocol that offers lending, staking, and borrowing in the Polkadot ecosystem.

Morningstar Ventures

Moonrock Capital

The Spartan Group

GBV Capital

Waterdrip Capital

Vendetta Capital

Ascensive Assets

Hypersphere Ventures

Blizzard Fund

Woodstock Fund

Figment Capital

Axia8 Ventures

CoinGecko Ventures

Nexo

Everclear (prev Connext)

Kosmos Ventures

Impossible Finance

Nabais Capital

AVentures DAO

Subsquid

3 Chaps Capital

StakeBorg

Ganesh Swami

Erik Ashdown

Derek Yoo

Aurel Iancu

Delroy Bosco

Alex Smirnov

Batuhan Dasgin

Michael Chen

Etienne

Danish Chaudhry

Alchemy

Bware Labs

Step.app

GameOn Forge

Blockchange Ventures

Big Brain Holdings

coinIX

Castrum Capital

Outlier Ventures

Kangaroo Capital

Maven Capital

FinSec Innovation Lab

Kima Network

Sociapol

Sfermion

Hashed Fund

Com2uS

Mechanism Capital

The LAO

Emfarsis

Andreessen Horowitz (a16z)

Delphi Ventures

Yield Guild Games (YGG)

Animoca Brands

BRI Ventures

Circle

Solana Ventures

Digital Currency Group (DCG)

LongHash Ventures

Sovrun

Alameda Research

Samara Asset Group (Cryptology Asset Group)

GuildFi

YGG SEA

Ancient8

Good Games Guild

PathDAO

UniX Gaming

Crypto.com Capital

Momentum 6

Kyros Ventures

Spark Digital Capital

Forward Analytics

MV Global

Metavest Capital

Solar Eco Fund

Triumph Games

Legends of Elumia

SpaceN

Pivot Global

ConsenSys

Cointelegraph

Dewhales

Founderheads

Galxe

Dutch Crypto Investors

CSP DAO

AITECH Labs

Decubate Ventures

DEC Ventures

Poolz Ventures

Gains Associates

Ivan on Tech

Anshul Dhir

That Martini Guy

Boxmining

Nischal Shetty

Zoran Kole

Ash Crypto

Anbessa

Eric Cryptoman

Plena Finance

Shima Capital

KuCoin Labs

Arcade

Gain detailed information about %name% %code% unlock and vesting. Use our token unlock calendar for planning and optimizing your investments. Explore tokenomics and how it's changing with our token distribution chart. Stay updated on unlock events and receive notifications for effective crypto asset management

%name% %code% Token Unlocks and Vesting: Schedule and Tokenomics

Name	Total	Unlocked	Locked
Liquidity Mining	25%	-	-
Team & Advisors	20%	15.3%	4.71%
Ecosystem Fund	15%	12.2%	2.81%
Private Investors	15%	12.1%	2.90%
Crowdloan	15%	15%	-
Seed Round	5.00%	2.25%	2.76%
Insurance Fund	5.00%	5.00%	-

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